Disco (OTCMKTS:DSCSY) Sets New 12-Month High – Here’s Why

Disco Corp (OTCMKTS:DSCSY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.30 and last traded at $52.95, with a volume of 3574 shares changing hands. The stock had previously closed at $50.72.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Disco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Disco Stock Performance

The company has a market capitalization of $58.22 billion, a P/E ratio of 65.45 and a beta of 1.54. The firm has a 50 day moving average price of $44.19 and a two-hundred day moving average price of $40.79.

Disco (OTCMKTS:DSCSY) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.25 earnings per share for the quarter. Disco had a return on equity of 25.27% and a net margin of 30.95%.The company had revenue of $848.13 million for the quarter, compared to analyst estimates of $771.53 million. On average, equities analysts expect that Disco Corp will post 1.07 earnings per share for the current year.

About Disco

Disco (OTCMKTS: DSCSY) is a manufacturer of precision processing equipment and consumables for the semiconductor and electronics industries. The company’s product portfolio includes wafer dicing saws, wafer thinning and grinding systems, laser dicing equipment, polishing systems, and diamond blades and wheels, along with associated tooling and process consumables designed for high-precision cutting and surface finishing.

Disco’s products are used in critical back-end semiconductor manufacturing steps such as dicing, singulation, thinning, surface preparation and polishing across applications including IC packaging, power devices, LEDs, MEMS and sensors.